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17 Jun 2015 Cyber Insurance is Only for Retailers, Right?

News about cybersecurity and cyberattacks has changed. It seems that cyber criminals have broadened their focus beyond just data breaches involving personally identifiable information (PII) or protected health information (PHI). Now, a significant percentage of companies worldwide reportedly are facing attacks designed to shut down their computer networks, to delete data or control their equipment. This changing focus of cyber criminals makes clear that even though retailers, healthcare organizations, and banks have received a lot of media attention in this arena, all companies need to be prepared for a cyberattack. Diligent preparation includes not only implementing safeguard measures and response plans, but should also include an evaluation of your company’s insurance program to determine if you have sufficient coverage for your company’s potential cyber risks….

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29 Apr 2015 Scott Godes Quoted in Law360 Article, “Cyberinsurance Thaw Hinges On Data-Sharing Bills”

Scott Godes, partner and member of the firm’s Policyholder Insurance Recovery Group, was recently quoted in a Law360 article, “Cyberinsurance Thaw Hinges On Data-Sharing Bills.”   This week, the House of Representatives passed H.R. 1560, the Protecting Cyber Networks Act, and H.R. 1731, the National Cybersecurity Protection Advancement Act of 2015. The bills would create liability protections for companies that voluntarily share information on cyberthreat indicators and cyberattacks with each other and the federal government.   Scott was quoted saying, “In short, the bills should offer better protections against cybersecurity and eliminate liabilities for sharing information. That should mean fewer cyberattacks and less liability for policyholders. Or, better said, fewer cyberattacks, fewer losses and fewer claims. That all should make for a positive development when…

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13 May 2014 Scott Godes to present at the 21st Annual Nonprofit Risk Management Seminar

  Scott Godes,  from Barnes & Thornburg’s Policyholder Insurance Recovery Group will be a speaker at the AHT Insurance 21st Annual Nonprofit Risk Management Seminar.   Scott’s presentation will be “Cyberinsurance: The Policyholder’s Perspective” By Scott Godes, Partner, Barnes & Thornburg LLP.  The seminar will take place:   May 15, 2014 9 – 9:30 a.m. Registration & Networking9:30 a.m. – 11:30 a.m. ProgramBender BuildingAmerican Bankers Association Conference Room1120 Connecticut Avenue, NWSeventh FloorWashington, DC 20036   Scott GodesScott N. Godes is a veteran trial lawyer with experience in insurance coverage matters and technology issues. He is a partner in Barnes & Thornburg LLP’s Washington, D.C., office and is a member of the firm’s Litigation Department, the Policyholder Insurance Recovery and Counseling Group, and the Internet & Technology Law Group.More Posts – Website

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29 Apr 2014 Scott Godes to Speak at the NetDiligence Cyber Risk & Privacy Liability Forum June 11-13, 2014

  We are pleased to announce that Scott Godes will be speaking about insurance coverage for cyber risks at the upcoming NetDiligence® Cyber Risk & Privacy Liability Forum, hosted by HB Litigation Conferences, from June 11-13, 2014, at the Hyatt at the Bellevue, Philadelphia, PA.  This promises to be a great conference where you can learn about cyber risks, cyberinsurance, data breaches, data privacy, cyberattacks and more. Download the entire agenda.   Scott will be a speaker on a panel discussing the “Crime Coverage & Cyber Insurance,” presenting at 9 a.m., Friday morning, June 13. The panel will discuss: Coverage in common loss scenarios Discussion of recent claims Court decisions impacting coverage Standard Crime & Cyber policy forms   Register online here.   Scott GodesScott…

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Highway Signpost "Cyber Attack"
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29 Apr 2014 5 Tips For Reviewing And Buying Cyberinsurance

Law360 published an article, “5 Tips for Reviwing and Buying Cyberinsurance,” that Scott Godes wrote with tips for buying and reviewing cyberinsurance, with special tips for retailers who are considering buying or reviewing cyberinsurance policies.   With the recent rash of cyberattacks, data breaches and other incidents affecting retailers around the country, it is a good time to turn a careful eye to insurance for cyber and privacy risks. After a privacy, cybersecurity, or data breach incident, retailers may face a host of issues as a result of those incidents. The issues may include individual consumer claims, putative class actions, federal and state investigations and regulatory inquiries, and demands from banks, credit card brands, and/or credit card processors.   The introduction to the article reads:  …

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